2004: Digital risk global economic damage tops USD 500
London, UK - 16 February 2005, 20:15 GMT - The latest global economic
damage chart for all types of digital risk manifestations over the last nine
years shows that the estimated quantum of damage for 2004, from all types
of digital risk, now exceeds USD 500 billion at mid-value. Click here
for pdf. The economic damage calculations include overt digital attacks, covert
digital attacks, malware proliferation, phishing scams, distributed denial
of service incidents and unsolicited email, ie, spam.
Digital risk damages are calculated by the mi2g Intelligence Unit
on the basis of helpdesk support costs, overtime payments, contingency outsourcing,
loss of business, bandwidth clogging, productivity erosion, management time
reallocation, cost of recovery and software upgrades. When available, Intellectual
Property Rights (IPR) violations as well as customer and supplier liability
costs have also been included in the estimates.
mi2g is at the leading edge of building secure on-line banking, broking
and trading architectures. The principal applications of our technology are:
2. Digital Risk Management; and
3. Bespoke Security Architecture.
mi2g pioneers enterprise-wide security practices and technology to
save time and cut cost. We enhance comparative advantage within financial
services and government agencies. Our real time intelligence is deployed worldwide
for contingency capability, executive decision making and strategic threat
mi2g Research Methodology: The Frequently Asked Questions (FAQ) List
is available from here in pdf. Please
note terms and conditions of use listed on
Full details of the January 2005 report are available as of 1st February
2005 and can be ordered from here.
(To view contents sample please click here).